Puma posts strong sales growth but warns of coronavirus hit

Puma Se said that the company’s fourth quarter sales increased by 20.6 percent reported and 18.3 percent currency adjusted to 1,478.6 million euros (1,596.5 million dollars) with all regions and all product divisions contributing in double-digit increases. The company said in a statement that Sportstyle, running and training as well as Motorsport were the categories with the highest growth rates. The gross profit margin improved to 47.3 percent in the fourth quarter, while the operating result (EBIT) increased by 46.8 percent to 55.2 million euros (59.6 million dollars). Net earnings increased by 55 percent to 17.8 million euros (19.2 million dollars) and earnings per share rose to 0.12 euros.